NORWEGIAN AIR SHUTTLE ASA Reference is made to theNorwegian Air Shuttle ASA (the "Company") FRN perpetual subordinated convertible bond loan with ISIN NO 0010996440, ISIN NO 0010996432, ISIN NO 0011157331 and ISIN NO 0011157356 in the outstanding amount ofNOK 1,520,823,817 (the "New Capital Perpetual Bonds"). The Company has received conversion notices from bondholders representingNOK 8,756,264 , which pursuant to standard terms set out in the bond terms are convertible into 932,508 new shares in the Company. Following the conversion, the Company has New Capital Perpetual Bonds in issue in the nominal amount ofNOK 1,512,067,553 . The remaining New Capital Perpetual Bonds may be converted into approximately 161.0 million shares in the Company at a conversion price ofNOK 9.39 , subject to anti-dilution provisions. The Company's share capital is increased byNOK 93,250.80 by issue of 932,508 shares. The capital increase pertaining to the conversion of the New Capital Perpetual Bonds has today been registered in theNorwegian Register ofBusiness Enterprises (Norwegian: Foretaksregisteret). The Company's new share capital isNOK 96,270,341.40 divided into 962,703,414 shares, each with a nominal value ofNOK 0.10 . Issuance of the new shares in the VPS is expected to take place later today. For further information, please contact:Jesper M. Hatletveit , Investor Relations atNorwegian Air Shuttle ASA , tel +47 906 64 401 Fornebu,28 February 2023 Norwegian Air Shuttle ASA This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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